LEASES (Tables)

12 Months Ended

Jun. 30, 2022

The components of lease expense were as follows:

(In millions)


Year Ended June 30,	2022			2021		2020

Operating lease cost	$	2,461	$	2,127	$	2,043


Finance lease cost:
Amortization of right-of-use assets	$	980	$	921	$	611
Interest on lease liabilities		429		386		336


Total finance lease cost	$	1,409	$	1,307	$	947

Supplemental cash flow information related to leases was as follows:

(In millions)


Year Ended June 30,	2022			2021		2020

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,368	$	2,052	$	1,829
Operating cash flows from finance leases		429		386		336
Financing cash flows from finance leases		896		648		409

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		5,268		4,380		3,677
Finance leases		4,234		3,290		3,467

Supplemental balance sheet information related to leases was as follows:

(In millions, except lease term and discount rate)


June 30,	2022			2021

Operating Leases

Operating lease right-of-use assets	$	13,148		$	11,088



Other current liabilities	$	2,228		$	1,962
Operating lease liabilities		11,489			9,629


Total operating lease liabilities	$	13,717		$	11,591


Finance Leases

Property and equipment, at cost	$	17,388		$	14,107
Accumulated depreciation		(3,285	)		(2,306	)


Property and equipment, net	$	14,103		$	11,801



Other current liabilities	$	1,060		$	791
Other long-term liabilities		13,842			11,750


Total finance lease liabilities	$	14,902		$	12,541


Weighted Average Remaining Lease Term

Operating leases		8 years			8 years
Finance leases		12 years			12 years

Weighted Average Discount Rate

Operating leases		2.1%			2.2%
Finance leases		3.1%			3.4%

The following table outlines maturities of our lease liabilities as of June 30, 2022: